Category: George Soros

As one of the largest philanthropists on the globe, George Soros in recent years have provided the Open Society Foundations with $18 billion. He started this foundation many years ago in order to help bring democracy to more countries and to defend human rights. His Open Society Foundations is now eclipsed only by the Bill and Melinda Gates Foundation when it comes to how much money they to fight for the causes they believe in.

After starting the Open Society Foundations 30 years ago, he gave it about $800 to $900 million each year. This amount drastically increased a few years ago as he began planning for what to do with his estate. In the next few years he has indicated that he’ll give his foundation another $2 billion of his fortune. George Soros is also involved in politics and financially backs politicians who he agrees with. In the 2016 election, for example, he made a few large donations to the campaign for Hillary Clinton as well as other Democrats running for office. He also provided money to a number of super PACS who released ads opposing Donald Trump, for instance and more

Over the years right-wing conspiracy theorists have sought to demonize George Soros and his philanthropy. He gets routinely accused of starting every Democratic trend, such as Antifa and the Black Lives Matter movements, for example. It was even claimed that he paid for the white-nationalist rally that took place in Charlottesville. The twisted logic to make this claim was that he designed it to be a false-flag operation.

Somehow George Soros’ philanthropy to spread democracy and support human rights has become the biggest target against him. Right-wing websites, such as Breitbart, which is led by Steve Bannon, call his foundation the “Death Star” due to its financial size. They use the specter of George Soros in order to undermine grassroots campaigns that have nothing to do with him on a regular basis. They also use his philanthropy to muddy the waters and make people think that everything that happens has some nefarious agenda behind it.

George Soros was a Jewish boy in Hungary when it came under the occupation of Nazi Germany. He managed to survive but escaped in 1947 when the nation became communist. His first stop was London where he earned his college education. He then moved to New York City in the United States and opened a company on Wall Street. For many years he had huge success running a hedge fund and making smart financial investments.

One of the financial trades that George Soros is best known for is his bet in 1992 against the British Pound. He put down $1 billion saying that the currency wasn’t worth what it was trading at. By aggressively selling this currency he eventually forced the British government to devalue their currency, leading to people calling him “The man who broke the Bank of England”.